btc-arbs.com - Update: dead HYIP, Refund progress: BTC-arbs still doing refunds

[skunk]

If you are unsure about $20, you should not be in Bitcoin at all....

i mine just for fun and with just ONE gtx660, so $20 for me is a lot of money...
i've already lost .044 on mtgox and .05 btc on btc-arbs, it was not funny!
i've no problem donating but i don't tolerate scams, period

[1713950466]

1713950466

[skunk]

Investing is a gamble and we should be aware of it. That's it!

again, gambling or investing is not like being scammed! you don't notice the subtle difference?

[sunny1]

Investing is a gamble and we should be aware of it. That's it!

again, gambling or investing is not like being scammed! you don't notice the subtle difference?

Of course I do, however as long as they were paying nobody complained here. Now its a big issue -- think Lehman Brothers....one of the biggest scams in history.

[christophorus]

http://www.site24x7.com/public/t/results-1400615257378.html

Some people here will understand what this is telling us.

This raises two possibilities.

• They've had a config cock up whilst doing something with the site.
• They've taken the site offline and are preparing to launch a different site from that server.

[mies_reed]

http://www.site24x7.com/public/t/results-1400615257378.html

Some people here will understand what this is telling us.

This raises two possibilities.

• They've had a config cock up whilst doing something with the site.
• They've taken the site offline and are preparing to launch a different site from that server.

I don't understand any of this but one thing. There is still a server "online" so there is a 0.00001% that they will come back online, am I right? 

[Mego]

Does anyone know if Adam the previous admin (or same scammer) had any communication on this forum , does anyone have a way to contact him?

[FreeJack2k2]

Does anyone know if Adam the previous admin (or same scammer) had any communication on this forum , does anyone have a way to contact him?

Not that anyone knows.

[lesnod11]

Does anyone know if Adam the previous admin (or same scammer) had any communication on this forum , does anyone have a way to contact him?

There have been a couple of posts that have raised my radar but nothing certain.

[nicklello]

http://www.site24x7.com/public/t/results-1400615257378.html

Some people here will understand what this is telling us.

This raises two possibilities.

• They've had a config cock up whilst doing something with the site.
• They've taken the site offline and are preparing to launch a different site from that server.

Reading this it looks like 'webkevlar' has had the cockup.... however is webkevlar = btc-arbs or are they truely a 3rd party ?

All my traceroutes etc hop off an ISP router in Kuala Loompa (apologies for incorrect spelling) and *sometimes* get a response from the btc-arbs server.

Intruigingly, an nmap of their server reveals that the following services are running; the web server has been shut down:-

Starting Nmap 6.40 ( http://nmap.org ) at 2014-05-21 11:14 BST
Nmap scan report for btc-arbs.com (111.90.150.219)
Host is up (0.19s latency).
rDNS record for 111.90.150.219: mail.btc-arbs.com
Not shown: 995 closed ports
PORT     STATE    SERVICE     VERSION
135/tcp  filtered msrpc
139/tcp  filtered netbios-ssn
6667/tcp filtered irc
6668/tcp filtered irc
6669/tcp filtered irc

Of course, this *could* be a clever ruse by someone trying to avoid detection --- ie: has the DNS entry been changed this week to point to an innocent party's computer ?

[Tschai]

Aaannnd...now that http://btc-arbs.com/ is down...we can call it a 100% scam, I guess!?

[benjamin07]

To whom it may concern, particularly Luke Jr and Gavin Andresen and the likes:

After btc-arbs down: that concludes my investments in bitcoins and similar crap. I will continue to mine but I will hoard. Just for fun. I will not trade, invest in HYIP, LYIP or NYIP, banks or any other form until you clean this shit.

It is YOUR responsibility to hunt down those scammers and return capital + interest.

Otherwise BTC miners will be a nice heater during winter, and not sure about the large data centers what are they doing mining junk that is worthless. It does not take millions of megawatt hours to create unite SHA-256 numbers, it is just the game of reverse finding the transaction to a nounce-près with increasing difficulty. If increased difficulty = 0 the whole 21 million BTCs will be created in 5 minutes on my old Ericsson 688 phone. If you want people to play your game you better clean the board. Btc-arbs was a good lesson to me, well worth the money lost, but never again.

Have a nice life.

[Light]

To whom it may concern, particularly Luke Jr and Gavin Andresen and the likes:

After btc-arbs down: that concludes my investments in bitcoins and similar crap. I will continue to mine but I will hoard. Just for fun. I will not trade, invest in HYIP, LYIP or NYIP, banks or any other form until you clean this shit.

It is YOUR responsibility to hunt down those scammers and return capital + interest.

How did you manage to come the conclusion that it's Gavin's fault that you lost your coins? All I see is that if you were silly enough to let your greed blind you into 'investing' into this scheme then the only person to blame for this mistake if you. To extend the argument - it's hardly the banks fault if you decide to send all your money to a Nigerian prince offering you a billion percent return per second.

Not to mention that aside from rewriting the code and having the acceptance of nodes/miners (which they wouldn't get) you won't be able to change the protocol in a way that would enable them to return you the stolen coins. Best just to take it as a somewhat costly lesson and move on.

[benjamin07]

As the managers of the protocol they are 100% responsible for making it impossible to find who stole the money.

With the Nigerians you can always find out who made the deposit. Fake ID no problem, there is CCTV.

If they can't change the protocl to return the money, or to make it transparent, or to stain dirty wallets, then as per the message above, I couldn't care less. I will not accept BTC in return for a fart nor will I give BTC for a diamond. I am not using bitcoin or any other crypto currency from now on for any purpose until this shit is cleaned. I will only mine for fun. Call it protest, boycott, whatever, the current situation is not acceptable, at least to me. Other people who have not bought into BTC are much wiser than me. It's a game, but the rules don't stack up. Yes I learned this the hard way and turning my back with no return until a radical change happens. Good luck to all, enjoy but advice from me go enjoy somewhere else do something useful BTC as it stands is a waste of time.

[NLNico]

So there is this stranger with a mask on (completely anonymous) in the alley. "Pss hey you, give me some dollars, I will use it to trade and give you 1-10% profit every day. I got this office in Geneve with 10 employees."

Will you give money, yes or no? And, if that turns out to be a scam, will you blame "the dollar" or yourself for making a terrible decision?

[Light]

As the managers of the protocol they are 100% responsible for making it impossible to find who stole the money.

With the Nigerians you can always find out who made the deposit. Fake ID no problem, there is CCTV.

If they can't change the protocl to return the money, or to make it transparent, or to stain dirty wallets, then as per the message above, I couldn't care less. I will not accept BTC in return for a fart nor will I give BTC for a diamond. I am not using bitcoin or any other crypto currency from now on for any purpose until this shit is cleaned. I will only mine for fun. Call it protest, boycott, whatever, the current situation is not acceptable, at least to me. Other people who have not bought into BTC are much wiser than me. It's a game, but the rules don't stack up. Yes I learned this the hard way and turning my back with no return until a radical change happens. Good luck to all, enjoy but advice from me go enjoy somewhere else do something useful BTC as it stands is a waste of time.

So in effect you would want them to take control of the network and hence destroy the whole basis of Bitcoin - decentralization. This has been discussed numerous times in the past, without them taking control they will never be able to return you those coins or blacklist the stolen coins and this won't happen because the nodes/miners won't allow it.

Seeing as your staunch in your attitude - I'd at least advise you to store the coins you earn from mining safely in some sort of cold storage/paper wallet. You never know one day you might have a change of heart (and BTC prices might be higher) and you'll be happy you did.

[BunsenBurner]

To whom it may concern, particularly Luke Jr and Gavin Andresen and the likes:

After btc-arbs down: that concludes my investments in bitcoins and similar crap. I will continue to mine but I will hoard. Just for fun. I will not trade, invest in HYIP, LYIP or NYIP, banks or any other form until you clean this shit.

It is YOUR responsibility to hunt down those scammers and return capital + interest.

Otherwise BTC miners will be a nice heater during winter, and not sure about the large data centers what are they doing mining junk that is worthless. It does not take millions of megawatt hours to create unite SHA-256 numbers, it is just the game of reverse finding the transaction to a nounce-près with increasing difficulty. If increased difficulty = 0 the whole 21 million BTCs will be created in 5 minutes on my old Ericsson 688 phone. If you want people to play your game you better clean the board. Btc-arbs was a good lesson to me, well worth the money lost, but never again.

Have a nice life.

As the managers of the protocol they are 100% responsible for making it impossible to find who stole the money.

With the Nigerians you can always find out who made the deposit. Fake ID no problem, there is CCTV.

If they can't change the protocl to return the money, or to make it transparent, or to stain dirty wallets, then as per the message above, I couldn't care less. I will not accept BTC in return for a fart nor will I give BTC for a diamond. I am not using bitcoin or any other crypto currency from now on for any purpose until this shit is cleaned. I will only mine for fun. Call it protest, boycott, whatever, the current situation is not acceptable, at least to me. Other people who have not bought into BTC are much wiser than me. It's a game, but the rules don't stack up. Yes I learned this the hard way and turning my back with no return until a radical change happens. Good luck to all, enjoy but advice from me go enjoy somewhere else do something useful BTC as it stands is a waste of time.

So you found a HYIP, believed you can get easy profits, got scammed and you now claim it is bitcoin's fault and Gavin's responsibility?

[benjamin07]

emm, Yes?

And if it's not an Obvious yes to you then you probably lost touch with reality.

Try to run a ponzi in real life and see how fast you land in jail, that is because the people in charge of printing the money will hang you from from the nuts

[nicklello]

emm, Yes?

And if it's not an Obvious yes to you then you probably lost touch with reality.

Try to run a ponzi in real life and see how fast you land in jail, that is because the people in charge of printing the money will hang you from from the nuts

You just discovered the downside of a decrentralized currency.... no-one to cover your backside if you lose your money through a bad investment.

It's been said numerous times, this is high risk stuff --- don't Ever bet more than you can afford to lose on it.

[BunsenBurner]

emm, Yes?

And if it's not an Obvious yes to you then you probably lost touch with reality.

Try to run a ponzi in real life and see how fast you land in jail, that is because the people in charge of printing the money will hang you from from the nuts

So if you find a ponzi in USD (or Euro, etc) that hasn't been taken down yet, will you join it and "invest" your life saving in it?

If your answer is yes, then the problem is clearly not about bitcoin but also USD, Euro, GBP, CNY, JPY, etc.
If your answer is no, then why did you join a ponzi in BTC?

[lesnod11]

May Adam/Ron (Rodam) burn in hell! If anyone knows how to contact (or beat the hell out of) Rodam, please contact me.